A bond is worth $100 and grows in value by 4 percent each year. Assuming this bond compounds quarterly, what is the value of the bond after 5 years? Responses $121.67 $122.02 $122.67 $120.00

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Egor Klepikov asked Aug 14, 2023

93,154 views

8 votes

A bond is worth $100 and grows in value by 4 percent each year. Assuming this bond compounds quarterly, what is the value of the bond after 5 years?

Responses

$121.67
$122.02
$122.67
$120.00

Mathematics
college

Egor Klepikov asked Aug 14, 2023

by Egor Klepikov

2.6k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

1 Answer

29 votes

Answer:it will be D

Step-by-step explanation: because $100 + 4%=$100.4

Sunitkatkar answered Aug 20, 2023

by Sunitkatkar

2.5k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions